Advertisements
Advertisements
Question
The ______ of interest on a sum of ₹ 2000 at the rate of 6% per annum for `1 1/2` years and 2 years is ₹ 420.
Solution
The sum of interest on a sum of ₹ 2000 at the rate of 6% per annum for `1 1/2` years and 2 years is ₹ 420.
Explanation:
Given, P = ₹ 2000 and R = 6%
For `1 1/2` yr, I = `(P xx R xx T)/100`
= `(2000 xx 6 xx 3)/(100 xx 2)`
= ₹ 180
For 2 yr, I = `(P xx R xx T)/100`
= `(2000 xx 6 xx 2)/100`
= ₹ 240
∴ The sum of both interests is ₹ (180 + 240), i.e. ₹ 420.
APPEARS IN
RELATED QUESTIONS
At what rate percent of simple interest will the interest on Rs.3750 be one-fifth of itself in 4 years? To what will it amount in 15 years?
Kisanrao wanted to make a pond in his field. He borrowed rupees 35250 from a bank at an interest rate of 6 p.c.p.a. How much interest will he have to pay to the bank at the end of the year?
If Manohar pays an interest of Rs. 750 for 2 years on a sum of Rs. 4,500, find the rate of interest.
The interest for a principle of ₹ 4,500 which gives an amount of ₹ 5,000 at end of certain period is
A sum of ₹ 46,900 was lent out at simple interest and at the end of 2 years, the total amount was ₹ 53,466. Find the rate of interest per year
The simple interest on a sum of ₹ P for T years at R% per annum is given by the formula: Simple Interest = `(T xx P xx R)/100`.
₹ 6400 were lent to Feroz and Rashmi at 15% per annum for `3 1/2` and 5 years respectively. The difference in the interest paid by them is ₹ 150.
Bhavya earns ₹ 50,000 per month and spends 80% of it. Due to pay revision, her monthly income increases by 20% but due to price rise, she has to spend 20% more. Find her new savings.
What sum of money lent out at 16 per cent per annum simple interest would produce ₹ 9600 as interest in 2 years?
The simple interest on a certain sum for 2.5 years at 12 per cent per annum is ₹ 300 less than the simple interest on the same sum for 4.5 years at 8 per cent per annum. Find the sum.
